Lease Option question

[Account Closed]

Lease option includes what typically?  Does the buyer pay insurance, taxes, maintenance, everything over $500 in expense etc.  If there is a basic me mentor we are willing to pay for private lessons. 

[Matt Crusinberry]

@Account Closed, How we do ours is we have the renter fill out the paperwork as a normal lease, which includes everything a basic tenant would pay for that property (i.e. utilities, and any associated maintenance, first month rent, security deposit, etc.) if they were renting from us. Then we have them fill out the option to buy paperwork with a 3.5% deposit (FHA loan) of the sale price of the property. We also charge an extra amount that we give back to them for closing cost if they're able to close at the agreed upon date. We typically ask for 3 years. I know other's break it down differently, but if you want more specific stuff feel free to PM me. I will help where I can, and there's no need for payment. I hope this helps and good luck!

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